Analysis of the key themes driving private equity deal activity reveals that mobile payments accounted for 5 payments deals announced in Q2 2023, worth a total value of $219.9m. The $100m investment by General Atlantic Partners in PhonePe was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
In value terms, mobile payments-related deal activity decreased by % in Q2 2023 compared with the previous quarter’s total of and fell by 77% as compared to Q2 2022. Related deal volume remained flat in Q2 2023 versus the previous quarter.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.